Finance Gurus: question about REITs

UF Jspec

Senior member
Oct 15, 1999
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I have seen dividend yields for some mortgage companies over 20%. What is the deal? Why doesn't everyone buy these things? On the other hand, Capstead had 2 recent reverse stock splits. Are the yields only high temporarily due to the economy and housing market? See examples below.

CAPSTEAD MTG
IMPAC MORTGAGE